There is no justification for a 4 million dollar home, it's perceptual value and those perceptions change.

People's perception - 2008 is what a lot of people consider to be a normal recession as that what they remember. 

Nicholas - what advice would you give me to help change this perception that BP has made everyone feel like they’re missing out, even if that means investing in expensive deals?

My perception about Raleigh-Durham is the prices are higher because there's more competition, but I'd love to know if I'm wrong.My goal is multifamily properties with 6 + units to start.

Now add internet and connectivity because as much as one can live without it perception is that one can-not, and there is societal truths to that. 

Contrary to the perception of being a last resort, they provide stable, affordable living with amenities.

The home values and perceptive of the real estate changed very quickly during that period.By 2020 I was already convinced that the property values are too high and I was not willing to pay 100K+ for a investment property.

If their generalized impression of this community is formulated from watching the Wire or American Me, they will never be able to have an accurate perception of the asset the own.

I am fine with productive discourse but when it is arguments from theory, 2nd/3rd hand knowledge it's just.... well it's a waste of my time to be honest, I can not help someone with their perception of instruction on something they have never experienced, especially something as variable and "wild west" as terms deals, as I have said the whole segment of the terms.... dream it up and that could be it the only rules are both parties agree, can legally enter a contract and equitable exchange of goods, services or consideration (contract'ese for currency). 

Try to readjust your perception of how the real estate market works.